The Prudential Series Fund

Value Portfolio
Class I
Year Ended December 31,
2008 2007 2006 2005 2004
Per Share Operating Performance:
Net Asset Value, beginning of year ..................................... $23.44 $ 26.21 $ 22.95 $ 19.93 $ 17.36
Income (Loss) From Investment Operations:
Net investment income ............................................... .30 .39 .36 .29 .28
Net realized and unrealized gain (loss) on investments .................... (8.36) .42 4.11 3.03 2.55
Total from investment operations ................................... (8.06) .81 4.47 3.32 2.83
Less Dividends and Distributions:
Dividends from net investment income .................................. — — — (.30) (.26)
Distributions ........................................................ (4.52) (3.58) (1.21) — —
Total dividends and distributions ................................... (4.52) (3.58) (1.21) (.30) (.26)
Net Asset Value, end of year .......................................... $10.86 $ 23.44 $ 26.21 $ 22.95 $ 19.93
Total Return(a) ..................................................... (42.29)% 3.19% 19.94% 16.66% 16.31%
Ratios/Supplemental Data:
Net assets, end of year (in millions) ..................................... $933.1 $1,824.9 $1,975.7 $1,750.1 $1,595.6
Ratios to average net assets(b):
Expenses ........................................................ .43% .43% .43% .43% .44%
Net investment income ............................................. 1.46% 1.35% 1.45% 1.35% 1.48%
Portfolio turnover rate ................................................ 71% 52% 49% 56% 52%
(a) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year reported and includes
reinvestment of dividends and distributions and does not reflect the effect of insurance contract charges. Total return does not reflect expenses
associated with the separate account such as administrative fees, account charges and surrender charges which, if reflected, would reduce the
total returns for all years shown. Performance figures may reflect fee waivers and/or expense reimbursements. In the absence of fee waivers
and/or expense reimbursements, the total return would be lower. Past performance is no guarantee of future results. Total returns may reflect
adjustments to conform to generally accepted accounting principles.
(b) Does not include expenses of the underlying portfolio in which the Portfolio invests.
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